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Business Banking Auto Loan Banner

Lead you to success

Our financial solution designs exclusively for your business

Let Business Banking Auto Loan lead you to success.

Features

Variety of interest rate options

Up to 3 years fixed interest rate.

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High loan limit

Loan amount up to 80% of car value.

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Flexible loan tenor

Loan tenor up to 72 months.

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Product Features

Prepayment fee is applicable for each interest rate option

Interest Rate Options
Loan Limit
Loan Tenor
Fixed interest rate option for 6, 12, 24, 36 months Loan amount is up to 80% Car value Up to 72 months
Floating interest rate option Maximum loan amount is VND 6.5 billion Flexible loan tenor: 12, 24, 36, 48, 60 months
  • Interest rate is calculated based on 365 days basis.
  • The applicable interest rate and interest amount for your loan are determined in accordance with the credit agreement signed between you and the Bank.
  • Interest will be calculated based on the actual outstanding balance of each disbursement or loan (depending on the case) from the date the Bank disburses until the actual payment date (excluding actual payment date).
Contact Us
Email
SMS
Client Care Center (24/7)
vaymuaxe.scb@sc.com Text ‘MUAXESC’ to 8069 (84-28) 39110000 (HCM)

(84-24) 36960000 (HN)
3rd Party Fee
Fee
Tariff
Asset valuation fee Free
Fee for National Registration Agency for Secured Transactions VND 105,000 per request
Legal fee (pay to 3rd party service provider) Based on actual fee (if any)
Bank’s Fees & Charges (exclusive of 10% VAT)

Fees & charges are only for reference and subject to changes from time to time. For detailed information, please visit our nearest branch. Current fees & charged are effective from 7 January 2019.

Fee & Charge Type
Tariff
Late Payment Interest (on overdue principal) 150% of lending interest rate applied.
Prepayment fee (partial or full settlement) Subject to each interest rate scheme. Applicable in the first 3 years. From Year 4th onward: Free of charge
Change repayment account Free of charge
Loan detail confirmation (outstanding loan balance, payment history) Free of charge
Late Payment Interest (on overdue interest) 10%
Credit document notarization fee N/A
(Note: There may be fee charged by Notary Office)
Copy of loan document (with bank’s stamp) Free of charge
Issuance of Car mortgage receipt fee – Free of charge for 1st issuance for each period.
– 2nd issuance & onward: VND 100,000 /time /max 5 copies
– For Priority segment: Free of charge
Application process fee Free of charge
Update/revise car title at Transportation Department Free of charge

Eligibility & Documents

Eligibility

  • Borrower is company which is legally established in Vietnam from 3 years or above.
    • Company is profitable latest year.
    • Company doesn’t have negative equity.
    • Company has revenue that suited to the loan payment capacity plan.
  • The final approval result for your loan depends on your full documentation and independent evaluation results for those records

Document Requirements

  • You will need:
    • Copy of ID of Legal representative, major shareholders, chief accountant.
    • Copy of business license and company chapter
    • Financial proof such as latest 2 year financial reports, bank statement, VAT within 6 months.
    • Certificate of tax registration, certificate of stamp registration
    • Board Resolution confirmation of company (if required)
  • Standard Chartered Bank Vietnam (“The Bank”) will send feedback regarding your loan application within 30 days from the date the Bank receives all necessary and valid documents from you.

FAQs